I did change it though.If you notice that the high of the fib has been moved to the last weeks high but after that ,price went back in the old range making the previous week in tact.

Trading Major Lines

thank you too for letting me clarify the method by asking important questions. You're right this pair has been walking through simultaneously as we revealed the method. By now the method has been pretty much covered.. nothing important to add but ...

Trading Major Lines

thanks lite. That was a good read eventhough I'm not into fundementals very much.

Trading Major Lines

let the market be confused ,not you.. when its ranging just throw couple price alerts out of the range and walk away until you get some move.. you're welcome lite. If it makes a close below the 1.4 level and preferably lower than 1.39 then we get a ...

Trading Major Lines

I aggree.. anything inside a consolidation can not be a good price action..It has to be out of the range.

Trading Major Lines

you can try to simplify things more. this week we had only one proper entry as per method. and maybe at most one countertrade setup as well.. but they both died at b.e

Trading Major Lines

Hello cfabian. The body matters though. I would totally enter at the close of the first green candle IF I had my signal on the 4hr right. don't ignore the previous candles when you making your entry. you had two pinbars one almost inside bar (red ...

Trading Major Lines

thanks zusch.hope it is.. target is always the next major line at least. when we counter trade we want to catch the possible major move in the opposite direction to our hindsight.

Trading Major Lines

We need three key ingredients in order to execute an entry. 1.location 2.candle shape/price action 3.timing location is as one of the major lines,median lines(mostly when adding),s/r levels and fib levels. price action is pinbars or engulfing ...

Trading Major Lines

If i wanted to long this pair. I would trade on one of those scnearios. 1.breakout setup with a good bullish candle 2.double bottom along with a bullish price action off the fib levels. 3.bullish price action with price respecting to one of the fib ...

Trading Major Lines

no price action to go long yet as I said above no price action to go long at most maybe a counter trend setup which is most of the time unnecessary.btw if you get confused anytime ,stick to your hindsight. chart attached snagit is the tool i use...

Trading Major Lines

counter trends are tricky but worth to talk about them.

Trading Major Lines

this was just an illustration to show in which situation we would apply a new fib. blue fib is the real one that I have on my chart currently.

Trading Major Lines

my pleasure.

Trading Major Lines

Hello an thank you cfabia. you can implement it into your trading style easily. answers yo your questions: 1.there is no fixed success ratio as this method relies on trading skills and patience individually.but I'd say about %20 of your entries ...

Trading Major Lines

one more chart about the candle

Trading Major Lines

once we get out of that range and establish a new high we can then use the recent weekly range to place our new fib. and about the candle you asked me,i didn't get it on my chart and also i want candles respecting fib levels if I'm trading price ...

Trading Major Lines

actually I did enter at the close.Its just I'm always late on my demo platform taking trades in time as I take my live trades first on my live account.

Trading Major Lines

When we get a new setup on 4hr we assume that the very next candle will follow the price action and go in our direction. That's why its got the highest chance of survival.

Trading Major Lines

Its also I get more picky when the european session is closed.

Trading Major Lines